These Companies Insiders Cashed Out Ahead of Thanksgiving

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AptarGroup Inc. (NYSE:ATR) is another company that has seen an insider sell a sizable block of shares this week. Director Peter Pfeiffer, who also served as President and Chief Executive Officer of AptarGroup from 2008 to 2011, cashed out 80,000 shares on Monday at prices in the range of $73.76-to-$74.44 per share. The Director currently holds a 900,682-share stake. The packaging company that produces dispensing systems has had a great year in terms of stock performance, with its shares advancing by 12% year-to-date. However, it appears that the stock is fairly valued at the moment if considering its trailing P/E ratio of 24.55, which does not suggest strong upside in the upcoming months. AptarGroup reported third-quarter net sales of $586.3 million, which were down by 10% year-over-year. The strong U.S dollar had a significant impact on the company’s top-line, which resulted in a negative currency translation impact of roughly 13%. AptarGroup’s sales on a constant currency basis grew by 3% year-over-year. The number of hedge funds with positions in the company climbed to 18 from 15 during the third quarter. Royce & Associates, founded by Chuck Royce, had 516,800 shares of AptarGroup Inc. (NYSE:ATR) in its portfolio at the end of the September quarter.

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Lastly, let’s examine the insider selling activity at WhiteWave Foods Co (NYSE:WWAV). Chairman and Chief Executive Officer Gregg L. Engles unloaded 75,000 shares on Monday at a weighted average sale price of $40.27, trimming his stake to 2.38 million shares. The CEO also owns 278,660 shares indirectly via the Family Limited Partnership. Furthermore, Director Doreen A. Wright sold 2,666 shares last Wednesday at a sale price per share of $40 and currently holds 31,679 shares. The shares of the consumer packaged food and beverage company are up by 18% for the year and are trading at a relatively high trailing P/E ratio of 48.68, which is significantly above the ratio for the S&P 500 benchmark. The short-term earnings potential of the company does not seem to justify its high valuation, as analysts anticipate earnings per share growth of approximately 19% for the next year. The company generated revenue of $1.00 billion for the third quarter, which was up by $146.4 million or 17.1% relative to the same period of last year. WhiteWave also increased its gross profit margin to $35.0% from 34.1% year-over-year. The number of smart money investors with positions in the company at the end of the third quarter stood at 33. Billionaire John Paulson of Paulson & Co. owns 2.6 million shares of WhiteWave Foods Co (NYSE:WWAV) as of September 30.

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Disclosure: None

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